Euro Area Unemployment Rate - Forecast

Unemployment Rate in Euro Area is expected to be 7.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Euro Area to stand at 7.40 in 12 months time. In the long-term, the Euro Area Unemployment Rate is projected to trend around 6.80 percent in 2020, according to our econometric models.


Forecast Data Chart
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Euro Area Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 8.1 7.9 7.7 7.5 7.4 6.8
Unemployed Persons 13131 13200 13000 12900 12700 12100
Employed Persons 158 159 159 160 161 164
Long Term Unemployment Rate 4.1 3.8 3.8 3.7 3.7 3.2
Youth Unemployment Rate 16.6 16.2 16 15.7 15.5 14
Productivity 105 106 107 108 109 112
Labour Costs 114 116 102 112 106 120
Wage Growth 1.9 2.5 2.3 2.4 2.6 2.4
Population 341 343 344 344 344 346
Employment Change 0.4 0.5 0.4 0.4 0.5 0.6
Part Time Employment 31245 32100 32400 32600 32900 34200
Labor Force Participation Rate 57 58 58.4 58.6 58.8 60
Full Time Employment 113842 115000 115400 115900 116400 119000
Retirement Age Men 64.36 64.36 64.5 64.5 64.5 64.75
Retirement Age Women 63.96 63.96 64.2 64.2 64.2 64.5